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20121027
20121104
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tax policy out of the way. i will tell you, the discussion on the floor, many talking about the dollar. is it qe, or is it romney? are the effects of the weaker stock after the number, are they effects of a stronger dollar after the number really because of qe, or are they because not only do we potentially have a challenger that's close enough to win but if that challenger does win, what's to say to bernanke, what's to say to the fed, what's to say to qe, what's to say to the bye bauy backs? you can go either way on it. all these issues are making it difficult for investors who have a good hunch to necessarily bet a bunch. >> very interesting day. you make a lot of good points. jeff cox, what do you think? >> i want to piggy back on this theme of good news is bad news and maybe people are worried about bernanke is going to go to the basement of the fed and pull the plug on the printing press. if investors out there are concerned that we do stop the qe train and it might get in the way of market rally, let me offer something for them. i've been crunching the numbers on the jobs report
's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central bank on their side. you've had unprecedentedly aggressive monetary stimulus. we have open-ended commitments to continuing that stimulus. that's a tail wind that i think investors ignore at their peril. the only things holding the market back are some uncertainties of the fiscal cliff, over what kind of ter
't underestimate the fact that for a lot of these funds, this is the end of tax year and a lot of tax loss selling that occurs in the last week of october that is now going to be pent up to when the market resumes trading on wednesday. >> exactly. >> which is why i said earlier, to michael, would you expect basically people trying to get out of positions, a selloff come wednesday? is that what you would expect wednesday if the markets are open, we get a sizeable sell off12of off? eric? >> i think we'll see added volatility. that's going to create some opportunities out there. i think you have to look through near-term issues. because a lot of that normal, natural selling that does occur toward the end of october, will probably occur over a shorter time period. >>. >> we will leave it there. a lot of moving parts we'll check in after this break. super storm sandy sending shock waves across corporate earnings calendar. herb greenberg coming up with that. keep it right here for sandy's storm track, flight cancellations, the impablgt on business and money. ♪ ♪ ♪ [ male announcer ] don't just rej
Search Results 0 to 2 of about 3